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Debtor Warning Signs |
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A customer maybe starting to become a debtor if:
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Submits marginal credit application and / or refuses to
sign personal guarantee
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Breaks credit terms
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Does not return repeated telephone call messages
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Mail is returned with no forwarding address
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Breaks promise to pay
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Sends only partial payment with no explanation
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Suddenly has dispute after receiving product or services
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Stops payment or sends check that are returned NSF
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Mentions cash flow problems
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After the fact asks for extended terms
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Requests increased credit when already past due
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“When times get tough businesses and individuals must
pick and chose who they pay. Peter gets robbed to pay
Paul. It is an age old story. It becomes imperative that
these red flags are early recognized and not ignored. If
you see a pattern forming, and would like to get paid,
take action NOW. Do this before your profit margin is
gone. Don’t force your customers to seek new credit
lines and make purchases from your competitors!” |
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The Solution: |
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Call The CollectionsGroup.Com at
Roth, Edwards and Associates |
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